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High Times Was Acquired for $70 million by a Group of Investors Including Damian Marley

High Times, the magazine that has chronicled the transformation of marijuana use from an underground vice to a major American business, said on Thursday that it had been acquired by a group of investors that includes Damian Marley, son of the reggae star Bob Marley.

The group, led by Adam Levin, the founder of the investment firm Oreva Capital, bought a controlling interest at a price that values the magazine at $70 million, according to The San Francisco Chronicle…

A Cannabis-Business Park Covering 1 Million Square Feet Is Coming to Massachusetts

California is at the forefront of the US medical marijuana industry, and weed’s positive impact on the state’s economy has been huge, generating $2.8 billion in 2015, with $6.5 billion annually expected by 2020.

The state’s largest grow facility was announced in June 2016 by GFarms, and is slated to be built in the town of Desert Hot Springs, which declared itself insolvent in 2014 and is now experiencing a real estate boom thanks to the marijuana industry. ..